Community Development Block Grant Program (CDBG)
The City of Deerfield Beach is an entitlement recipients (has over 50,000 residents) of federal funds and receives an annual allocation from the U.S. Department of Housing and Urban Development (HUD) under the Community Development Block Grant Program (CDBG). The purpose of the funds is to provide decent housing, a suitable living environment and better economic opportunities for low to moderate-income residents of the City.
Each activity must meet one of the following national objectives for the program:
- Benefit low- and moderate-income persons
- Prevention or elimination of slums or blight
- Address community development needs having a particular urgency because existing conditions pose a serious and immediate threat to the health or welfare of the community for which other funding is not available.
The HOME Investments Partnership Program (HOME)
The HOME Investments Partnership Program (HOME), funded by the U.S. Department of Housing and Urban Development (HUD), is the largest Federal block grant to State and local governments designed exclusively to create affordable housing for low-income households.
The City of Deerfield Beach receives HOME funds as a member of the Broward County HOME Consortium. The City utilizes these funds homeowner rehabilitation and purchase assistance programs funded. Annually, the City of Deerfield Beach receives approximately $150,000 in HOME funds. The administration of HOME funded programs and initiatives are handled by the City of Deerfield Beach Community Development Department in coordination with the Deerfield Beach Housing Authority (DBHA).
State Housing Initiatives Partnerships (SHIP)
The State Housing Initiatives Partnership program (SHIP) is funded through the Florida Housing Finance Corporation, funds are provided to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing. The program was designed to serve very low, low and moderate income families.
SHIP funds are used for homeowner rehabilitation, purchase assistance (down payment, closing cost assistance and mortgage buy down), disaster assistance, The City receives an annual allocation of approximately $367,000. The administration of SHIP funded programs and initiatives are handled by the City of Deerfield Beach Community Development Department in coordination with the Deerfield Beach Housing Authority (DBHA). For additional information, please refer to the Local Housing Assistance Plan.
Neighborhood Stabilization Program (NSP)
The Neighborhood Stabilization Program (NSP) is administered by the U.S. Department of Housing and Urban Development (HUD) to aid in purchase of foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values of neighboring homes.
There have been three rounds of Neighborhood Stabilization Program funding: NSP 1, a term that references the NSP funds authorized under Division B, Title III of the Housing and Economic Recovery Act (HERA) of 2008, provided grants to all states and selected local governments on a formula basis; NSP 2, a term that references the NSP funds authorized under the American Recovery and Reinvestment Act (ARRA) of 2009, provided grants to states, local governments, nonprofits and consortia of entities on a competitive basis; and NSP 3, authorized under the Wall Street Reform and Consumer Protection Act of 2010, provided funds on a formula basis to states and selected local governments.
The City of Deerfield Beach was awarded funding from NSP 1 and NSP 3. These funds have been used to purchase and rehabilitate homes in Deerfield Beach. At this time, NSP funding is not available.